THIS BLOG OPPOSES DRACONIAN LAWS & POLITICAL SCAPEGOATING BY SOME POLITICIANS! * THE PUNISHMENT IS THE CRIME * FOR A WORLD WITHOUT VIOLENCE * WHERE DOES THAT COME FROM? * A) DALAI LAMA: "LOVE, PEACE AND KINDNESS YOU CAN'T BREAK IT." * B) FREDERICK NIETZSCHE: "LOVE YOUR ENEMY." * THERE IS ALSO FORGIVENESS BUT YOU DON'T GET THE COMPLETE PROTECTION UNLESS YOU ACCEPT BOTH OF THE A & B CONDITIONS * & FOR THAT YOU MUST COME TO TERMS WITH C) FORGIVENESS * :-)

Friday, 19 December 2008

Three Sydney men have been sentenced to a maximum of five years in jail for conspiracy which nearly succeeded in defrauding $150 million from the Commonwealth Superannuation Scheme.

In sentencing today, New South Wales District Court judge Robyn Tupman said it was a well-planned fraud which involved large numbers of people who had spent a long time planning it.

"It is was no surprise that the conspiracy to defraud was able to succeed, given the lack of [internal] security at the bank. It is to be hoped that the problem has been rectified since the case came to light," she said.

Gregory James Bourchier, a 36-year-old former employee of JPMorgan Chase Investment Bank, was given a two-and-a-half-year non-parole period.

He will serve his sentence in protective custody because he is related to a police officer and a person who works for the Director of Public Prosecutions.